Values ​​to follow on Wall Street

(Reuters) – Top stocks to watch on Friday on Wall Street where index futures suggest a drop of 0.5% to 1.6% at the open:

* APPLE on Thursday posted quarterly profit below expectations for the first time since 2016 due to weak iPhone sales and said it expected a decline in revenue for a second consecutive quarter. The group lost almost 4% before the market.

* AMAZON warned on Thursday that its operating profit was likely to continue to decline in the current quarter as mass layoffs were not enough to offset lower consumer and customer spending on its “cloud” services. In pre-market trading, the global e-commerce giant lost more than 4%.

* ALPHABET fell 4.5% in pre-market after announcing Thursday a turnover and a quarterly profit below expectations while the advertising activity of the parent company of Google suffers from the economic slowdown.

* FORD lost 5.3% in pre-market trading, the automaker reporting a drop in quarterly profit on Thursday and predicting a tough year.

* QUALCOMM shed 3.6% in pre-open trading after reporting revenue and profit for the second quarter of its lagged fiscal year below expectations on Thursday, as the chipmaker was hurt by weak demand for smartphones and a glut of supply, a trend that is expected to last into the first half.

* REGENERON reported better-than-expected fourth-quarter earnings on Friday as strong demand for its eczema treatment Dupixent helped offset lower sales of its blockbuster macular degeneration drug Eylea.

* The coffee chain STARBUCKS reported a drop in quarterly sales in China four times greater than its own estimate and said it had no visibility on the timetable for the full resumption of activity in this country. The group was down 2.5% before the opening.

* TESLA sold 66,051 Chinese-made electric vehicles in January, up 18 percent from December, according to data released Friday by the China Passenger Car Association (CPCA). The group has also reduced the prices of some of its models in South Korea, a local sales manager for the American manufacturer said on Friday. The stock was up 1% before the open.

* GILEAD advanced 3.5% in foreclosure trading after reporting higher-than-expected fourth-quarter profit on Thursday, driven by strong demand for its HIV and cancer drugs, while Veklury, its antiviral against COVID-19, saw its sales double market expectations.

* Insurance group CIGNA on Friday reported quarterly profit above Wall Street estimates, helped by a sharp drop in medical costs due to a decline in COVID-19-related hospitalizations.

* NORDSTROM – Activist investor Ryan Cohen is in the process of acquiring a large stake in the department store chain and is seeking to push the group to reshuffle its board of directors, according to people familiar with the matter. The title climbed more than 30% in pre-market.

* SILVERGATE — Federal prosecutors are investigating the cryptocurrency specialist and his dealings with crypto-asset exchange FTX and Sam Bankman-Fried’s trading firm Alameda Research, according to a source familiar with the matter. The title was indicated down 12.5%.

* CARLYLE is in talks to hire former Goldman Sachs bank executive Harvey Schwartz as its new chief executive, Semafor reported Thursday, citing people familiar with the matter.

* KOHL’S has announced the appointment of Tom Kingsbury as Chief Executive Officer, a position he already holds on an interim basis.

(Written by Diana Mandiá, edited by Laetitia Volga)

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